“…In order to acquire competencies for foreign market expansion, institutional networks and business networks provided international marketing knowledge, including knowledge about market entry alternatives, market knowledge, reduction of internationalization costs, reduction of risks and uncertainties (Coviello & Munro, 1995, 1997Kiss & Danis, 2008;Mais et al, 2010;Sharma & Blomstermo, 2003;Vissak et al, 2020;Zain & Ng, 2006), as well as credibility Pettersen & Tobiassen, 2012;Zain & Ng, 2006) in the foreign country to provide further growth. In summary, for both cases, the importance of networks, not only during the process of the creation of firms but also throughout their consolidation process, is consistent with the findings of Sharma and Blomstermo (2003), Coviello (2006), Zain and Ng (2006), Kiss andDanis (2008), andVahlne (2009).…”